New Podcast: State Budget Shortfalls Present Opportunities for Tax Reform
February 4, 2009
Many states are going through budget shortfalls this year due to the economic downturn. Different states have reacted in a variety of ways to balance their budgets, including lobbying for federal bailouts, proposing tax increases, and calling for hiring freezes. In this edition of the Tax Policy Podcast, Tax Foundation Tax Counsel and Director of State Projects Joseph Henchman discusses the opportunity for tax reform in many states amidst these fiscal crises. Henchman also makes recommendations to state and local government officials on how to face these difficult budget situations.